Contact Information: 503-709-4632
Contact Information: 503-709-46325623 N GAY AVEPortland, OR 97217
Multi-Family · 2,557 Sq. ft.5623 N GAY AVE Overview
- Time on Site:
- 76 days
- Visits:
- 0
Opportunity to acquire one side of a modern home with separate living quarters! This offering provides ~2,557 sq ft of well designed living space across three levels, delivering a functional and highly marketable layout for tenants or owner occupants seeking flexibility. Main level features a great room style design with seamless flow between kitchen, dining, and living areas, plus a convenient half bathroom for guests. Kitchen is equipped with a full size island with eat bar, stainless steel appliances, and extensive custom cabinetry, while large windows and sliding doors enhance natural light and connect to a covered deck and fully fenced yard, a key driver for livability and tenant retention. Upper level offers a 3 bedroom, 2 bathroom configuration including a primary ensuite with walk in closet and walk in shower, along with centrally located laundry for convenience. Ground level includes a highly sought after attached garage and separate living quarters with 1 bedroom, 1 full bathroom, and exterior access, currently rented and providing income from day one, creating flexibility for multigenerational use or continued supplemental rental income. Modern construction, efficient layout, and desirable features position this home for strong long term performance. Located near Arbor Lodge Park, New Seasons Market, and the dining, cafes, and retail along N Lombard St and St Johns, supporting consistent demand and long term value. Home Energy Score = 10. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10182385
5623 N GAY AVE Facts & Features
- Type Multi-Family
- Sq. ft. 2,557
- Price/Sq.ft. $297
Details
General
School Information
- Elementary School: Beach
- Middle Or Junior School: Ockley Green
- High School: Jefferson
Income/Expenses
- Gross Income: 58583.0
- Net Operating Income: 39866.0
- Operating Expense: 18717.0
Building Information
- Year Built: 2020
Location/Region
- Country: US
- County Or Parish: Multnomah
- MLS Area Major: 141 - Portland North
- Subdivision Name: OVERLOOK
Rent/Lease Information
- Rent Includes: None
Tax Information
- Tax Annual Amount: 10697.12
- Tax Year: 2025
General Information
- Disclosures: Exempt
- Listing Terms: Cash,Conventional
- Parcel Number: R716360
- Property Condition: Existing
- Property Type: Multi Family
- Zoning: R2.5
Interior
Parking Information
- Garage Spaces: 1.0
Building Interior
- Building Area Total: 2557.0
General Information
- Basement: Separate Living Quarters/Apartment/Aux Living Unit
- Cooling: Central Air
- Foundation Details: Slab
- Heating: Forced Air,Wall Heater
- Security Features: Sidewalk
- Stories: 3
Exterior
Parking Information
- Parking Features: Driveway,Garage
- Parking Total: 1.0
Lot Information
- Lot Features: Level,Public Road
- Road Surface Type: Paved
- Water Source: Public Water
Building Exterior/Construction
- Roof: Composition
General Information
- Number Of Units Total: 2
- Sewer: Public Sewer
5623 N GAY AVE Neighborhood
Community
97217 (Portland) Demographics
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.5623 N GAY AVE Monthly Cost
5623 N GAY AVE Market Data
Based on the last 30 days in this zip code
5623 N GAY AVE History
| Date | Value | Agent |
|---|---|---|
| 5/21/2026Source: Regional MLS | $759,900 -1.3% |
|
| 4/15/2026Source: Regional MLS | April 15, 2026 |